Fleet Management in the Americas - 7th Edition - Installed Base of FM
Systems in the Americas Will Exceed 18 Million Units by 2021 - Research
and Markets

Commercial vehicle fleets play an essential role in the economy in both
North and Latin America. In North America, there are approximately 14.4
million GVW 3-8 commercial vehicles in use. Around 18 million lighter
vehicles including GVW 1-2 vehicles and cars with no GVW are also used
by enterprises or public entities. In Latin America, the number of
commercial vehicles in operation is estimated to 26.7 million, out of
which 5.9 million are heavy trucks and 20.8 million are light commercial
vehicles.

The report is of the opinion that the market for fleet management in the
Americas is in a growth period which will continue in the years to come.
The advanced North American market will remain on a growth track, not
the least driven by regulatory developments such as the ELD mandate.
Latin America has traditionally presented a very different scenario,
often requiring an educational process in order to extend the perception
of fleet management beyond security-related aspects. The Latin American
fleet owners have however also started to embrace functionality for
optimisation of fleet operations to an increasing extent.

It expects the FM market to continue to show healthy growth in
2017-2021. In North America, the number of systems in active use is
forecasted to grow at a compound annual growth rate (CAGR) of 15.0
percent from 6.7 million units in 2016 to 13.5 million units by 2021.
The penetration rate in the total population of non-privately owned
commercial vehicles is estimated to increase from 22.9 percent in 2016
to 41.7 percent in 2021.